A decrease in the price of the output produced by labor will:
A. decrease the supply of labor.
B. increase the demand for labor.
C. decrease the demand for labor.
D. increase the supply of labor.
Answer: C
Economics
You might also like to view...
The organizational structure where organizations are structured around a special project or event
a. functional b. line and staff c. product d. matrix
Economics
According to the HO model, countries with different factor endowments but similar technologies and preferences will have a strong basis for trade with each other
Indicate whether the statement is true or false
Economics